NHN Cloud announced on the 16th that it has signed a Memorandum of Understanding (MOU) for a joint Web3 business project based on the mainnet 'Avalanche' with Credder, a domestic blockchain company and a subsidiary of IT Sense Global.
Credder is a company operating the 'Gold Station' platform, which connects gold with blockchain for trading. It participates in various blockchain networks including Avalanche and KAIA.
As a Real World Asset (RWA) platform, Gold Station requires 24/7 uninterrupted stability. Credder decided to migrate from its existing cloud service to NHN Cloud, considering NHN Cloud's flexible OpenStack-based service and high security level.
The two companies plan to go beyond infrastructure supply contracts and jointly build and operate a cloud optimized for validator participation, which is the core of the blockchain ecosystem. They aim to combine their specialized capabilities in cloud and blockchain to jointly research and commercialize key technological areas across the blockchain ecosystem.
Credder CEO Im Dae-hoon said, "Through this MOU, we plan to accelerate the cloud transition and expansion of validator systems across various blockchain networks."
NHN Cloud CEO Kim Dong-hoon stated, "After providing a stable cloud infrastructure to Credder, we are meaningful in expanding our influence to the Web3 market by jointly developing blockchain technology based on cloud. We will continue to support providing optimal infrastructure to customers in blockchain and Web3 environments based on our verified infrastructure operation capabilities."
